PPL Corp. and Mass Brigham General Face ERISA Lawsuits
Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.
Tag: 401(k) plans
Sharebuilder 401k Waiving Set-Up Fees for New 401(k) Plans
The firm offers a resource to inform employers of the top tax benefits in starting a 401(k) plan.
GSAM, Ascensus Partner on Solution for Small and Midsized Businesses
The firms say it gives companies access to asset management, retirement expertise and guidance for employees via a technology platform.
Use of CITs in 401(k)s Continues Growth
Collective investment trusts dominate the large plan market, particularly within target-date funds, data shows.
ShareBuilder 401k Promotes Value of 401(k)s During Pandemic
The company is waiving setup fees for 401(k) plans through May 21.
PLAN DESIGN | Participants
Take It Past the Limit
Voluntary after-tax retirement savings accounts as a design feature.
Truist Sells 401(k) Recordkeeping, Advisory Businesses
Ascensus and Empower will take on parts of the 401(k) recordkeeping business, while OneDigital will assume the 401(k) investment advisory business.
Excessive 401(k) Fee Suit Filed Against Parent Company of Victoria’s Secret
The lawsuit accuses plan fiduciaries of failing to benchmark recordkeeping fees and failing to monitor investment fees, among other things.
2020 Required Amendments List Published by IRS
The two items that may require an amendment relate to difficulty of care payments treated as compensation for 415 limits, and the application of cooperative and small employer...
Trump and Biden Differ on Social Security, 401(k) and Tax Policies
What both candidates have proposed as it relates to the retirement industry.
ShareBuilder 401k Offers Free Setup for New Plans
Through July 3, companies can save $495 to $995 in setup costs by starting a 401(k) plan.
Details of JPMorgan Chase 401(k) Self-Dealing Suit Settlement Revealed
A payment of $9 million will be made to “fully, finally and forever resolve, discharge and settle the released claims.”
Coronavirus News for Plan Advisers
Focused analysis of market movements, business challenges and legislative and regulatory actions.
Plan Size, Average Account Balance Are Drivers of Plan Fees
Small 401(k) plans have larger costs than large 401(k) plans, but even plans with the same total assets can have different costs, an analysis from the 401k Averages...
Weighing 403(b)s versus 401(k)s for Nonprofits
In most cases, the 403(b) is the better option.
401(k) Participants Were ‘Less Reactionary’ in 2019 Trading
The trend of small trades away from equities to fixed income funds seems to suggest participants were rebalancing their portfolios, not making drastic changes to their investment mix,...
ShareBuilder 401(k) Waiving Set-Up Fees Through 12/20
Companies with more than one employee can save up to $995 in set-up costs for a new 401(k) plan.
Parties in Lawsuit Against Allina Health System Agree to Settle
The lawsuit accused Allina Health System defendants of allowing one provider free-reign to add funds to Allina's 403(b) and 401(k) plans, and of failing to monitor investment service...
For Retirement Security, Cast a Wide (and Cost-Efficient) Net
Only 2% of small business decisionmakers told Millennium Trust that they would be willing to pay an adviser more than $1,000 annually, writes Kevin Boyles, business development director...
Groups Ask DOL to Make 401(k) Electronic Delivery the Default
ICI, SPARK and the ACLI are among the eight organizations making the request.